Zug July 7, 2020
Qontigo has licensed the iSTOXX Global NexGen Communication Innovative Technology Index to Yuanta Securities Investment Trust Co. Ltd. (Yuanta SITC) in Taiwan.
The index is comprised of companies that can benefit from the ongoing technological progress in the telecommunications industry. Yuanta will list an ETF on the Taiwan Stock Exchange on July 7, 2020.
“We are very delighted to work with STOXX once again. We have been cooperating with STOXX since 2017 in researching AI, 5G, Aging and other themes, an innovative area that we called Mega Trend. This is mainstream not only in Taiwan but also in the world. Yuanta has always been the pioneer in providing innovative investment solutions for Taiwan’s investors. The Taiwan ETF market has grown dramatically since 2017. At the end of May 2020, the size of the Taiwan ETF market reached $58.6 billion USD. It has grown 518% since 2017,” said Julian Liu, Chairman of Yuanta SITC.
“We are happy to deepen our relationship with Yuanta SITC while strengthening our commitment to Asia, especially in the thematic space. The iSTOXX Global NexGen Communication Innovative Technology Index focuses specifically on companies providing the network equipment, infrastructure and semiconductors required for the rollout of telecommunications services,” said Rick Chau, Head of Index for the Asia-Pacific Region at Qontigo.
The iSTOXX Global NexGen Communication Innovative Technology Index selects profitable companies that derive significant revenues from 32 sectors associated with the innovative communications technology theme, based on Revere (RBICS) data. The investment universe consists of all stocks in France, Germany, Japan, Netherlands, South Korea, United Kingdom, United States, Hong Kong and Taiwan. Also included are China A shares listed in Shanghai/Shenzhen that are participants of the Stock Connect Program, as well as Chinese ADRs and so-called P Chips, Red Chips and H-Shares. The index is free-float market-capitalization-weighted with weight caps and has a maximum constituency number of 100.